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economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.
economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen...
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Dec 2, 2012
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it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the lest is filtered to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in america states could point out they subsidize states like alabama, mississippi and montana. states that are the most fervent advocate of states rights and small government. we'll take you to one of africa's most trouble ed nation next. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never bee
it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the lest is filtered to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in...
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economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april. the shanghai composite edged down just over 0.1% after a pretty sharp rebound yesterday. south korea's kospi also managing gains. it closed higher by more than 0.1%. that put it at a seven-week high. let's move on to currencies now. dollar/yen right now is a little higher, seeing it at 82.35. market observers say investors are buying the dollar on optimism about the u.s. budget talks, but its advance has been capped today as many traders do remain on the sidelines ahead of u.s. jobs data, which is due out on friday. now, in terms of the euro, it's still holding pretty strong against the yen, right now at 107.70. >>> officials at japan's transport ministry have ordered airlines to inspect boeing passenger jets. they say state-of-the-art 787 dreamliners have had problems with their fuel lines. the emergency order followed a fuel leak in october involving a 787. that's flown by all nippon airways. they found that
economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april. the shanghai composite edged down just over 0.1% after a pretty sharp rebound yesterday. south korea's kospi also managing gains. it closed higher by more than 0.1%. that put it at a seven-week high. let's move on to currencies now. dollar/yen right now is a little higher, seeing it at 82.35. market observers say investors are buying the dollar on optimism about...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into the report. says. it's to. no no no because we're going to look at the experience before theories words the color guard. survival gear for service. so clearly before sponsorship polish and before college. athletes. they are all here to make it possible. to. change chimp and the client on our show. choose your language kelly mcevers though if. someone. chooses to use the concentric circles choose to opinions that immigrate cook. quote choose the stories that impact the lives of choose to access to often. clear. her. leave.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into the report. says. it's to. no no no because we're going to look at the experience before theories words the color guard. survival gear for service. so clearly before sponsorship polish and before college. athletes. they are all here to make it possible. to. change chimp and the client on our show. choose your language kelly mcevers though if....
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Dec 2, 2012
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to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of the people at heart. over the last ten years what they've seen is their own income, family income, has not kept up with the enormous pace of the growth of the economy. they feel ultimately they're not winning out. what the government has to do is figure out a way to reassure people that they are in fact the number one priority. you've heard this over and over again in the first language from this new president. when he gave the first speech he put aside some of the old language about socialism and chinese characteristics and a h
to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of...
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he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group of foreign academics in beijing that china poses neither a challenge nor a threat. >> translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hard-line stance in diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption among party officials. h
he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group of...
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economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the roof but i think -- and i think you would see them behave in a very different way in both iraq and afghanistan. >> rose: based on everything you know, do you believe that they will respond to the economic embargo, the economic sanctions if we turn that screw as hard as we possibly can? >> i don't think the government will, if there is one thing that the iranians, saddam hussein, the north koreans and bashar al-assad all have in common is they don't care how many other people get killed. >> rose: even their own
economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the...
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my own welcome to business i'm dmitri medvedev here upset largest economy germany has downgraded its outlook for economic growth for this and the next year with industrial production slowing the bundesbank sees g.d.p. to grow point seven percent rather than the previously forecast one percent while in two thousand thirteen growth will be four times slower than anticipated i mean i talked to on goes campbell from london capital group he says it's not a surprise. we saw the european central bank yesterday they downgraded their forecasts the euro zone expecting the euro zone economy to contract throughout the whole of next year we seen downgrades to be u.k. growth for two thousand and thirteen and now of course the been this buying have.
my own welcome to business i'm dmitri medvedev here upset largest economy germany has downgraded its outlook for economic growth for this and the next year with industrial production slowing the bundesbank sees g.d.p. to grow point seven percent rather than the previously forecast one percent while in two thousand thirteen growth will be four times slower than anticipated i mean i talked to on goes campbell from london capital group he says it's not a surprise. we saw the european central bank...
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but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us h
but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to...
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assad fighters using chemical weapons that's the view of middle east expert a tough economy. i don't see the the us or the regime style is the style that will likely use the chemical weapons against his people and how how over when it comes to the jihadists attacking him. in the last moments you never know what can happen again you have this what is important to mention a vital issue here that the jihadists are even more dangerous if we got these chemical weapons in their head so if you're told that the regime may use this chemical weapons of possibility that the jihadist will use it again with their opponents will be much much more the jihadists have no problem to behead people alive you deal with people like bin ladin and the radicals of al qaida who have no his e.t.a. shion to use any form of work pond to really like control any place. religious believes in ideology. and there's unverified evidence suggesting that anti arson forces may actually be seeking to launch a chemical attack and there are a minority dot com we have a video where an alleged rebel fighter uses a dave
assad fighters using chemical weapons that's the view of middle east expert a tough economy. i don't see the the us or the regime style is the style that will likely use the chemical weapons against his people and how how over when it comes to the jihadists attacking him. in the last moments you never know what can happen again you have this what is important to mention a vital issue here that the jihadists are even more dangerous if we got these chemical weapons in their head so if you're told...
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find out what's really happening to the global economy for a no holds barred look at headline news to cause a report on.
find out what's really happening to the global economy for a no holds barred look at headline news to cause a report on.
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to the global economy kinds of reports on. the mission and free credit case should be free. for charges free range month free. free. free. old free blog. free media. and. was.
to the global economy kinds of reports on. the mission and free credit case should be free. for charges free range month free. free. free. old free blog. free media. and. was.
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what's really happening to the global economy. this is. if you. continue. the move provoked a quick response from the united nations which said it would be a favor to any future. as we've repeatedly said certain months are illegal under international law. he has repeated his call on all concerned to resume negotiations and intensify efforts towards a comprehensive just and lasting peace and also in the interests of peace any plans specifically for the one must be rescinded. why the decision to authorize more settled homes that came after last week's un vote upgrading the diplomatic status of the palestinians bringing them a step closer to achieving full statehood israel was founded saying the west bank was trying to avoid direct peace talks by seeking u.n. recognition the british m.p. jeremy corbyn says israel is risking losing international support. seem simply to have not cottoned onto the fact that the vast majority of the rest of the world support the right of palestine which just supports the right of palestinians and therefore not to want to take to t
what's really happening to the global economy. this is. if you. continue. the move provoked a quick response from the united nations which said it would be a favor to any future. as we've repeatedly said certain months are illegal under international law. he has repeated his call on all concerned to resume negotiations and intensify efforts towards a comprehensive just and lasting peace and also in the interests of peace any plans specifically for the one must be rescinded. why the decision to...
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find out what's really happening to the global economy for a no holds barred look at the global financial headlines. is a report on our. welcome back to watching r t live from moscow now israel said earlier in the week it will continue its settlement expansion to spider recent u.n. vote data graded the palestinian ministrations diplomatic status israel's announcement drew widespread criticism from the un and other major western nations including its main ally the united states meanwhile thousands of people in gaza have joined celebrations marking the twenty fifth anniversary of hamas the leader of the islamic group khaled mashal who has vowed to liberate palestine inch by inch call for arab countries to keep on the firing israel british m.p. jeremy corbyn says israel is risking losing international support. netanyahu seems simply to have not called him to the fact that the vast majority of the world support the right to publish phone we just support the rights of palestinians were therefore more able to the west bank two state solution is something that everyone needs that one devil signe
find out what's really happening to the global economy for a no holds barred look at the global financial headlines. is a report on our. welcome back to watching r t live from moscow now israel said earlier in the week it will continue its settlement expansion to spider recent u.n. vote data graded the palestinian ministrations diplomatic status israel's announcement drew widespread criticism from the un and other major western nations including its main ally the united states meanwhile...
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i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting there that says i am the person who represents the debt, the negative cost and that of continuing where we are going. had we adequately communicated that, but it's not just an individual reelection at stake, it is jobs at stake. .. >> what does it take for us to grow? investment the future. investment, it equipment equipment, education, infras tructure.e question many people don't want to consider is where do we get those resources with the enormous debt? hi asked if they bled paint her reasonable picture of the interest cost if we did nothing. their estimate was follows, within 25 years the intere
i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kaiser report on r t. hello and welcome to crossfire computable the rise and fall of civilizations for over a century there have been predictions of the western decline given the global financial crisis that started in two thousand and eight and the stagnation in much of the western world are some of those predictions coming true and if the west is in decline what will take its place. to cross talk to decline of the west i'm joined by alexander graff lamb stores he's in brussels he is the vice president of the liberal group in the european parliament and in some paolo we crossed the pepe escobar he is a journalist and author all right gentlemen crosstalk rules in effect that means you can jump in anytime you want to be if i go to you first is the west in decline . they should ask spangler in fact they're sure that spangler's don't because they're under the years ago that it's very complicated the west is not declining the middle classes all
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kaiser report on r t. hello and welcome to crossfire computable the rise and fall of civilizations for over a century there have been predictions of the western decline given the global financial crisis that started in two thousand and eight and the stagnation in much of the western world are some of those predictions coming true and if the west is in...
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so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles withi
so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail...
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economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up the licensing platform. >> to facilitate their access and want to offer to every music provider to europe and perhaps the world. so access for all digital partner that have some services in europe. >> we should give you perhaps the task of figuring out the euro zone because you've manned to come together at least with regard to music. how difficult was to overcome those obstacles that those national ob kells that it seemed it held up your counterparts when it comes to trying to figure out for example budget issues? >> tha
economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up...
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economy, it is phenomenal. some estimates think it will add 0.3% per an mum to growth over five years. the uk probably doesn't have quite that potential, but it could still be significant. >> all right. thanks for that. more to come in just a second. so very poor industrial manufacturing, down two shut downs at the buzzard oilfields. so not necessarily what those figures seem at first glance. european stocks down marginally. ftse up nine points, xetra dax at pretty much the early 2008 level. 7530. my eyes are going. it's age. right. let's just recap what else is going on. y yen rising to a session high. at the moment 82.38. let's get more on the market reaction from the nikkei. >> hi. a very strong earthquake hit at 5:18 p.m. the center was closest to miyagi prefecture. it had an estimated magnitude of 7.3. tsunami warning was issued for miyagi prefecture and around 6:00 p.m., a one meter high tsunami was recorded. tokyo electric power, the operator of the fukushima nuclear plant, reported no irregularities. a
economy, it is phenomenal. some estimates think it will add 0.3% per an mum to growth over five years. the uk probably doesn't have quite that potential, but it could still be significant. >> all right. thanks for that. more to come in just a second. so very poor industrial manufacturing, down two shut downs at the buzzard oilfields. so not necessarily what those figures seem at first glance. european stocks down marginally. ftse up nine points, xetra dax at pretty much the early 2008...
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economy and the broader global economy. but this kind of economic data has been virtually ignored over the last two or three weeks in particular in the run up to december 16th. but it highlights the fact and the reason why the economy is the focus for the december 16th election. private consumption, which stooud constitutes about 60% of japanese economic activity is showing signs of stability and some patches of strength. so that could be the most positive element of these revisions in the gdp figures and what's happening currently. >> still japan's fifth recession in 15 years. here is a quick look at what is on the agenda for tomorrow. indonesia hosed its rate setting meeting. the central bank says it's trying to shore up the weak currently. in malaysia, we'll get october factory output numbers. in geneva, ross westgate will be with us next. ross, what have you got for us? >> would he have been talking to a lot of companies that build up to these trade links, about how they're getting shielded from the global sectors and m
economy and the broader global economy. but this kind of economic data has been virtually ignored over the last two or three weeks in particular in the run up to december 16th. but it highlights the fact and the reason why the economy is the focus for the december 16th election. private consumption, which stooud constitutes about 60% of japanese economic activity is showing signs of stability and some patches of strength. so that could be the most positive element of these revisions in the gdp...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. released be cool language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you here. in troy of t. arabic to find out because it arabic t.v. dot com.
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. released be cool language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you here. in troy of t. arabic to find out because it arabic t.v. dot com.
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economy. we think the rate cutting cycle may well be over, but the market isn't particularly viewing it that way as of yet. so the aussie still has that headwind. but it feels like headwinds. it is a bit frustrating because we are quite bearish in aussie but we're not getting that kind of downside momentum. it's just stop the cap side. >> you never know. >> it's a rarity. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >> cheers. >>> spain. the treasury is setting up three, seven, and ten-year bonds. they're now pre-funding for 2013. we've got the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making chin
economy. we think the rate cutting cycle may well be over, but the market isn't particularly viewing it that way as of yet. so the aussie still has that headwind. but it feels like headwinds. it is a bit frustrating because we are quite bearish in aussie but we're not getting that kind of downside momentum. it's just stop the cap side. >> you never know. >> it's a rarity. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >>...
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but the economy up there, local economy is probably the big thing. what people need are more than just scratching the earth and growing some corn and supporting themselves. i mean, they're growing the corn to feed their livestock. somebody else that's smarter than me about this, that's biblical stuff. they've got to get beyond that subsistence where they're feeding their own animals, because they don't have large hectors. they're rooms this size. so they have an employment problem and an economy that's not there. >> before we go to closing remarks, i have one last question for you. and it's actually a basic question. i mean, you've ranged really into some phenomenal strategic issues. but for those folks who have not actually had the extraordinary privilege of traveling to kunar province or, indeed, afghanistan at all, could you talk a little bit about the tyranny of thatter the or rain? terrain? >> it is biblical. the terrain dictates everything. the terrain has dictated the ethnic divisions in the country, the terrain has dictated the trade routes.
but the economy up there, local economy is probably the big thing. what people need are more than just scratching the earth and growing some corn and supporting themselves. i mean, they're growing the corn to feed their livestock. somebody else that's smarter than me about this, that's biblical stuff. they've got to get beyond that subsistence where they're feeding their own animals, because they don't have large hectors. they're rooms this size. so they have an employment problem and an...
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this will have a positive impact on the economy. i expect stocks and the economy boosting with this. maybe not a loser but oddball of the week is john mcafee. what is going on with him? someone who loves him, please reach out and help this man. this is a bad situation. >> yeah. that definitely is a bad situation. susan, best and worst. >> for the best week i gave it to john boehner because it looks like people in his conference are tarting to wake up and realize there has to be room for compromise. and that allows him to go into these negotiations with the president and really come up with a grand bargain, hopefully. for the worst week, it has to be senate minority leader mitch mcconnell. i just -- going up there and filibustering against your own bill is never a good thing. >> yeah. >> he really kind of set the stage. >> kind of leaves you head scratching, like, what? okay. mike, how about you? best and worst. >> let's start with worst. for obvious reasons we'll pick dee jay shock jocks and prank calls. you don't want to come close
this will have a positive impact on the economy. i expect stocks and the economy boosting with this. maybe not a loser but oddball of the week is john mcafee. what is going on with him? someone who loves him, please reach out and help this man. this is a bad situation. >> yeah. that definitely is a bad situation. susan, best and worst. >> for the best week i gave it to john boehner because it looks like people in his conference are tarting to wake up and realize there has to be room...
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Dec 8, 2012
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>> let me just ask all of you -- china's economy is slowing down. how is that going to affect china's relationship with us, and where do you -- where do you all see that going? >> i think it -- well, it was slowing down. i think -- kind of think it's bottomed out now. it may have bottomed out on kind of easy credit from these new forms of trust banks where property developers can get loans. but i think it's an entirely good thing and i think the leadership in china probably is much happier for growth to be around 7% anyway. i always think it's a very fake sort of argument or line that people say that china has to grow at 8% otherwise it falls apart. you can grow at 8% and be building steel mills, or you can grow at 7% and be building an entirely different form of economy. and hopefully, in theory, that's what they might be doing. i mean, i think china has got lots of growth left in it yet. and frankly, with the -- you know, europe in the doldrums potentially for many years, the u.s. still trying to reach velocity speed or whatever it's called, you k
>> let me just ask all of you -- china's economy is slowing down. how is that going to affect china's relationship with us, and where do you -- where do you all see that going? >> i think it -- well, it was slowing down. i think -- kind of think it's bottomed out now. it may have bottomed out on kind of easy credit from these new forms of trust banks where property developers can get loans. but i think it's an entirely good thing and i think the leadership in china probably is much...
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Dec 4, 2012
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but there's just no doubt that the economies matter. i think whether it's been leon panetta, bob gates, admiral mullen, the constant focus on economic feminism, i don't know canada's net position with china, but it does raise this fundamental question of whether american debt is an asset or a liability. you know, the conference in dallas yesterday were recently, where someone made a comment that an american source of power to every different in the past that it defies the pentagon and the size american debt that we're too big to fail. deadhorse lake bigger problem than us. i be interested when you're anything about policy do you look at that as a source of leverage or does it strain american options tremendous a? >> steve, very simply, the u.s. situation with respect to our deficit and debt is a national security liability. we need our senior leadership. we need a senior leadership to take it on. we have an opportunity to do so. we have a requirement to do so. at the foundation of national power is ultimately economic comment and in ter
but there's just no doubt that the economies matter. i think whether it's been leon panetta, bob gates, admiral mullen, the constant focus on economic feminism, i don't know canada's net position with china, but it does raise this fundamental question of whether american debt is an asset or a liability. you know, the conference in dallas yesterday were recently, where someone made a comment that an american source of power to every different in the past that it defies the pentagon and the size...